Piyush Goyal assures full government support to IT firms in pushing growth
Commerce and Industry Minister Piyush Goyal has assured that full government support to leaders of India's top IT companies in pushing the growth of the sector and taking services exports to $1 trillion in a decade. He stated the country is on track to achieve its merchandise exports target of $400 billion this year, while services exports are likely to be about $240 -250 billion.
Welcoming the IT industry's proposal to start IT hubs in tier-2 and three towns, he said businesses should identify the towns and the centre would assist them in providing all the necessary infrastructure and facilities. He also said the IT industry can make a big contribution to services exports by focusing on new technology and products that can make India a bigger global player in the sector.
Besides, he suggested the industry to focus on high-tech products, for which the government would provide any assistance needed by the sector. He mentioned IT industry had grown spectacularly on its own and many of the top companies grew at a time when India did not focus on creating a favourable ecosystem for startups. He added the Department for Promotion of Industry and Internal Trade (DPIIT) will provide all assistance to push growth and services' exports.
